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U.S. Kiwifruit Industry Model: Annual Supply And Monthly Demand

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  • Peterson, Hikaru Hanawa
  • Willett, Lois Schertz

Abstract

A dynamic econometric model of the U.S. kiwifruit industry provides a framework for empirical analysis of small-scale commodities, particularly those used by producers for diversification. Production and marketing processes are explained by annual and monthly components, respectively. Results confirm that plantings were speculative and that economic feasibility critically impacts acreage retention as the industry matures. Prices at alternative outlets and fruit quality in storage affect monthly shipments. Flexibilities of monthly f.o.b. prices imply elastic kiwifruit demand, and imports are found to be substitutes. The industry could increase its average annual gross revenue by marketing the crop earlier in the season.

Suggested Citation

  • Peterson, Hikaru Hanawa & Willett, Lois Schertz, 2000. "U.S. Kiwifruit Industry Model: Annual Supply And Monthly Demand," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(3), pages 1-13, December.
    • Handle: RePEc:ags:joaaec:15306
    DOI: 10.22004/ag.econ.15306
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    References listed on IDEAS

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    1. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economic Reports 34081, United States Department of Agriculture, Economic Research Service.
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    4. Nicholas G. Kalaitzandonakes & J. S. Shonkwiler, 1992. "A State-Space Approach to Perennial Crop Supply Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(2), pages 343-352.
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    6. Feige, Edgar L & Pearce, Douglas K, 1976. "Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 499-522, June.
    7. Hanawa, Hikaru & Willett, Lois Schertz & Tomek, William G., 1997. "An Econometric Analysis of the U.S. Kiwifruit Industry: Annual and Monthly Factors," Research Bulletins 122721, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. Ibrahim, Mohammed & Florkowski, Wojciech J., 2004. "Price-Inventory Relationship In The Pecan Industry: A Study Of Long- And Short-Run Effects With Seasonal Consideration," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34636, Southern Agricultural Economics Association.

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